Tuesday, October 4, 2016

Lot Trade



Once in a while the city finds itself with property that is more valuable to another property owner where a trade in lands makes sense.  This doesn’t happen often.  It has occurred now on two occasions in the last couple of years.  The first time it occurred there was some confusion about public improvements and ownership of property.  There may also have been an issue with an owner that couldn’t be found.  The result was a trade of lots that resulted in a benefit to both parties. 

Recently a situation occurred with a property owner who owned two lots that were separated by two lots owned by the city in between. The property owner has a home on one lot and the other is vacant. He wanted to build a garage on this other lot but as a non-contiguous property they could not be combined.  The city does not allow for the construction of accessory buildings such as garages without a home on the site.  Without this rule the city would probably look similar to a storage facility with garages all over the place.

The property owner requested to purchase the two lots the city held.  The property held by the city was reserved for parkland so it is not for sale.   The property owner came back with another suggestion which was a great idea.  He suggested he trade the lot the city holds next to his home in exchange for the vacant lot he owns.  He was willing to pay all the expenses associated with the trade. 

This was a win-win for both parties.  The property owner will get a lot that is contiguous to his home which when combined allows him to build a garage.  The city retains the same amount of space in lots that is currently held after the trade.  The change in lots provides for a better configuration of lots with a proposed garage being a buffer from the future parkland use.  The resulting lots the city holds better fits the parkland configuration of other lands held by the city. 

The city council approved the trade in lots and we’re now in the process of making that transaction.